Back
22 May 2014
ECB - what to do? - BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman explained Euro zone composite flash PMI for May came in right on expectations.
Key Quotes
"Euro zone composite flash PMI for May came in right on expectations of 53.9, providing no new information for the ECB debate. The main takeaway is that Germany and France continue to diverge."
"Also, the service sector improvement made up for some deceleration in the manufacturing side, leaving the overall reading for the region plateauing at a small expansionary level. We still think the debate within the ECB is more about what to do rather than if they should act or not."
Key Quotes
"Euro zone composite flash PMI for May came in right on expectations of 53.9, providing no new information for the ECB debate. The main takeaway is that Germany and France continue to diverge."
"Also, the service sector improvement made up for some deceleration in the manufacturing side, leaving the overall reading for the region plateauing at a small expansionary level. We still think the debate within the ECB is more about what to do rather than if they should act or not."